Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
The Chinese electric car maker’s troubles continued with Friday results showing a wider-than-expected loss in…
Month: August 2023
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring…
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring…
Sea pivoted to growth over profits as it faced rising competition from TikTok, Lazada, analysts say
Just months ago, Sea overhauled its business to focus on profitability amid high inflation and…
Magnitude 6.3 earthquake shakes Colombian capital
One woman died after jumping from the 10th floor of a building amid panic in…
Are these really the world’s happiest countries?
And why are so many of them often rich, Western nations?
China’s central bank steps up intervention after yuan hits 16-year low against greenback
This is second straight day that the fixing rate has been above 1000 points stronger…
Xi Jinping to make state visit to South Africa, attend BRICS summit
Trip will be Xi’s second overseas visit of 2023 and comes as China attempts to…
China’s property giant Evergrande files for bankruptcy protection in Manhattan court
The world’s most indebted property developer defaulted in 2021 and announced an offshore debt restructuring…
Maui emergency chief resigns after defending decision to not activate sirens during wildfire
Andaya was asked Wednesday whether he regretted not activating emergency sirens as wildfires spread across…
Russia-Ukraine war: List of key events, day 541
As the war enters its 541st day, these are the main developments.
What China’s big earnings say about the consumer
Corporate earnings releases are picking up on a few bright spots for China’s consumer in…
CNBC Daily Open: Stocks are under pressure from Treasury yields
Rising U.S. Treasury yields are straining stocks. And with rates possibly going higher if inflation…
The scientist behind IBM Watson has raised $60 million for his AI startup in New York
David Ferrucci, who led the team behind IBM Watson, raised nearly $60 million in funding…
Treasury sanctions Russian FSB operatives in 2020 poisoning of opposition leader Alexei Navalny
Three of the actors are operatives with the Russian Federal Security Service Criminalistics Institute.
10-year yield rises to highest level since October 2022
U.S. Treasury yields were mixed Thursday as investors digested minutes from the Fed’s latest meeting…
10-year yield rises to highest level since October 2022
U.S. Treasury yields were mixed Thursday as investors digested minutes from the Fed’s latest meeting…
10-year yield rises to highest level since October 2022
U.S. Treasury yields were mixed Thursday as investors digested minutes from the Fed’s latest meeting…
Thousands flee as ‘unprecedented’ fires hit Canada’s Northwest Territories
Officials say 20,000 residents of Yellowknife are leaving via land and air, but northern city…
